what are fictious assets? give some examples?

Answer Posted / m.kishore kumar

fictitutious assets does not have a physical existence
which means we do not touch it. Ex:Patents, Trade Marks,
Goodwill etc. These assets are also called as Intangible
assets.

Is This Answer Correct ?    24 Yes 83 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what happens to each of the three primary financial statements when capital expenditures decrease?

1582


what happens to each of the three primary financial statements when gross margin decreases?

1568


What is Spin-off & spilts

1593


Expand---------TDCB

1428


is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?

1586






Have you worked with other on team endeavors

1540


what is Accounting Standers?

1697


What is account

1755


What are the question asked for accounts associate

493


Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...

1735


A----------involves transfer of money or moneys worth from one person to another

1432


what is duties and responsibilities for clark working in sbi

1788


what is the main link between the income statement and the balance sheet?

1636


Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts

1569


1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?

2005